Germany April final manufacturing PMI 42.5 vs 42.2 prelim ...Middle East

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Germany April final manufacturing PMI 42.5 vs 42.2 prelim
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Prior 41.9It's a mild revision higher as the German manufacturing downturn eases a touch in April. But at 42.5, that's still a very poor reading as the sector remains well in recession to start the new year. A further decline in new orders isn't helping but at least the production slowdown is easing slightly. HCOB notes that:“Anyone looking for encouraging economic signals from the manufacturing sector will be somewhat frustrated when analysing the HCOB PMI figures for Germany. The headline index remains deep in recessionary territory in April, new orders are falling even faster than before and instead of restocking inventories of purchased goods, they continue to be depleted. This contrasts

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